Comment on EU says TikTok faces large fine over "addictive design"
BrikoX@lemmy.zip 16 hours agoNot in this case. DSA is % based fine on global annual turnover. So up to 6% out of $186 billion (using 2025 data) is more than a slap.
Comment on EU says TikTok faces large fine over "addictive design"
BrikoX@lemmy.zip 16 hours agoNot in this case. DSA is % based fine on global annual turnover. So up to 6% out of $186 billion (using 2025 data) is more than a slap.
MagnificentSteiner@lemmy.zip 15 hours ago
It makes it sound a lot when you put it like that.
If instead I say that 6% of €1000 is €60 then it doesn’t sound so much despite being in the same proportion.
CouldntCareBear@sh.itjust.works 15 hours ago
Turnover not profit remember. There isn’t a business in the world that wouldn’t feel that.
MagnificentSteiner@lemmy.zip 15 hours ago
It’s reckoned that Bytedance’s profit margin is about 20% which is insane. They’ll easily absorb the 6% (as a general rule of thumb, most businesses would be over the moon with a 10% profit margin).
CouldntCareBear@sh.itjust.works 14 hours ago
30% profit drop. No Biggie. I bet it won’t even be mentioned at the AGM.